is it risky to turn all my money to bitcoins?

[CryptoSmile]

is it risky to turn all my money to bitcoins? anyhow this money sits in the bank and do nothing for!

Yes, it's risky to turn all your money into bitcoin. Bitcoin is volatile and if you know what you are entering you understand the risk that you'll be taking. And if your money is just staying in the bank and earning with a very low interest better to take the risk in bitcoin by buying at dip and wait for it to grow. The profit in bitcoin may grow in lesser time than your expectation. More risk, more profit but invest only what you afford to lose.

I really agree to say that its is a very risky decision to put or invest all my money in bitcoins. Price of bitcoin is not stable yet and investing in bitcoin someone may get high profit and high loss.Anticipating this, we are recommended to invest our idle money only. If we have money deposited at bank in form of time deposit, just put some amount of it on due date to bitcoin investment and the rest still saved at bank. Doing this, investment risk can be minimized and we also can compare investment gain from time deposit at bank with bitcoin investment which one is better.

[johnine]

I think  turning all your money into Bitcoin is not a good idea, you have to atleast manage how much money you should invest or you can afford to loose in Bitcoin, put some of your money in the bank or invest it to some businesses​. So that even when the price of Bitcoin decreases atleast you're​ not going to panic. But still the decision is yours.

[samcun]

is it risk turning all my money into bitcoin? if opinions are very risky, better kept aja and invested in other forms such as time deposits, or saved because it is more secure than we make our money all kebitcoin because bitcoin sometimes up and down.

[btcCoincart]

Hmmm maybe and maybe not. If one day you wake up, then bitcoin value is just $100 then what you do LoL

[Amadi1]

It is very risky, Invest in other physical business you deem fit for, as this will support you during the dip period of bitcoin.

[Helpful62]

It's is risky for people to turn all of their money to bitcoin since the value of bitcoins change regularly. Even though people can make benefit from it, they can also lose good amount of money. Therefore it's quite risky for people to turn all of their money to bitcoins.

[rxthree]

Maybe it is a little bit risky.. nobody knows what can happen to bitcoin in a few months, not even in years.. So my advice is only to put some money on bitcoin, not all your funds, because if bitcoin drops to zero, then you will loss all your money. I hope that this is never going to happen, but nobody can predict what is going to happen in this market, it is very volatile right now.
So better to keep some funds on cash, and the other part in cryptos.

[miang]

It's not risky at all cause it's depend on the time when you exchange all your money into Bitcoin. For example there are some guys exchanged money into Bitcoin when the price of Bitcoin was about 4k2$ and right after that Bitcoin price dumped to 2k9$ in only 1 day so there are a lot of people afraid of this dump and they had sold all of their Bitcoin to cut the loss. I think you should be carefull if you want to exchange your money into Bitcoin, try to find out the good time to do it Cheesy

[MoneyMotivatesMe]

The blockchain tech is the only thing that is certain so people should think that their money is gone if they go all in investing in bitcoin because we can woke up one day that it has no worth.

[jonosutio]

I will not turn my money into bitcoin, because it's the bitcoin I've turned into money. but I'll be looking for bitcoin for my bitcoin investment to get me more income from bitcoin.

[LastJedi]

It is majorly risky to go all in on anything.
Especially if it is so voliatile such as bitcoin has been over the span of a little over two months.
Someone told me they purchased $500 worth of bitcoin mid december but now they check it's value and it is less than $50.

You know of any currency that does that?

I don't know of any thing that does that.

[Jian_Liux]

All investments have their own risks, so it's always been a wise investment, I'm not saying that Bitcoin is not good investing money but because investors say invest what you can lose, so if you can lose all your money Then go, the stakes are high but if you're lucky then the return will be very large

[sinkelo]

Yes, it is very risky, for me max 20-30% is enough.

[Breackup]

Yes,i think, it is risky to turn all my money to bitcoins.Because it has no own banking system.So investing in bitcoin makes me feel afraid .I  believe that any investment is risky ,but bitcoin's risk is relatively high.

[Sithara007]

Yes, it is very risky, for me max 20-30% is enough.

I would not invest more than 10%. But it is a bit complicated for me, as most of my Bitcoin holdings come from signature campaigns, advertising revenues and bounty rewards. Right now, I am going by 50-50 rule, i.e I am selling 50% of all my BTC for fiat and keeping the remaining 50% for long-term.

[Komandor8957]

Yes, it is very risky, for me max 20-30% is enough.

I would not invest more than 10%. But it is a bit complicated for me, as most of my Bitcoin holdings come from signature campaigns, advertising revenues and bounty rewards. Right now, I am going by 50-50 rule, i.e I am selling 50% of all my BTC for fiat and keeping the remaining 50% for long-term.

You have chosen a good strategy. I also stick to it. But I do not get bitcoins for advertising companies. I get only altcoins. How do you manage to get Bitcoins from his work?

[ggg123]

I know no one wants to believe that this is a risky method but still i think it’s very risky. It’s much better to divide the risk, also there are many amazing projects/coins other than bitcoin so do your own research and try some altcoins too. Well it’s just my opinion, i don’t like to take too much risk.

[Babyboy423]

For me its Definitely yes, Very risky to put all your money at bitcoin, this is not a Good idea because bitcoin price is unpredictable, Any time the price can be goes up or down, there is no guarantee if it will be earning or losing money, better to put only the money you’re Ready to lose. But this is only a advice if you think you can handle the risk then go and put all your money.

[AltheaHeart14]

Yes it is risky to turn your money to bitcoin same risk when you turn your money to bank. When you turn your money to bitcoin you have no assurance that you will gain income immediately but it will give you high income compare bank interest, but it is up to you what risk you will take.

[nuggetbram]

Its still better not to invest all your money in bitcoin even if the high return really attracts you because it volatile, rather invest only a portion of it. Whos know's, maybe bitcoin will be more than your savings in the future.